Brokerage Jefferies expects spreads between graphite electrodes and needle coke, the raw material for steel makers, to more than double to $3,000 a tonne, giving HEG a huge cushion to improve earnings.

According to the company, the tar distillation facility will be part of an integrated carbon production complex comprising of three plants, including a 300,000 metric ton coal tar distillation plant and two downstream plants producing needle coke and carbon black.

Conoco (NYSE:COC), Houston, has announced that by using new technologies the company has increased needle coke production by some ten percent and that its Global Carbon business is evaluating other production process changes to gain additional increases.

As discussed in the 2012 first quarter earnings call, Seadrift Coke has developed a super premium grade of needle coke and has successfully commercialized this breakthrough product in the second quarter of 2012.

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